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Current Expected Credit Losses

Thursday, May 30
 8:45am - 12:15pm

(Check-In 8:40am)

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4.00 Credits

Member Price $140.00

Price will increase by $20 after 5/23

Non-Member Price $205.00

Price will increase by $20 after 5/23

Overview

FASB ASC topic 326, Financial Instruments-Credit Losses, has a significant impact on all reporting entities across all industries because it applies broadly to financial instruments, including accounts receivable. It also has far-reaching implications for companies because it impacts operations, data management, and internal controls over financial reporting. This course will offer tips on complying with the guidance and what the appropriate governance is related to the guidance in this topic.

Objectives

Participants will be able to:

  • Describe the FASB's financial asset investments approach
  • Account for off-balance-sheet credit exposures
  • Apply the CECL model
  • Properly present and disclose credit loss estimates
  • Establish good governance
  • Designed For

    CPAs, accountants, treasurers, and other financial professionals that make financial asset investment decisions and that account for financial asset investments.

    Prerequisites

    None

    Preparation

    None

    Notice

    By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

    Leader(s):

    Leader Bios

    Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC

    Kenn is a top-rated instructor who has been leading dynamic, interactive and informative accounting programs for over 20 years.

    He has extensive experience teaching all levels of accounting, auditing, ethics, fraud, SSARS, and other practice-related subjects, and has presented to groups at all levels, from students to seasoned professionals.

    Kenn’s presentations focus on practical applications and include discussions among participants, examples, and case studies.

    He consistently receives high ratings and evaluations in his presentations.

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    Non-Member Price $205.00

    Member Price $140.00